The Saudi Arabia Capital Markets Authority has approved Marble Design Company’s request to increase its capital from SAR 60 million to SAR 75 million by issuing bonus shares. The increase will be implemented by issuing one bonus share for every four existing shares to shareholders registered in the shareholders registry at the Security Depository Center as of the close of the second trading day after the due date, which will be set later by the company’s board. Funding will come from transferring SAR 15 million from the retained earnings account to share capital, increasing outstanding shares from 60,000,000 to 75,000,000. An extraordinary general assembly must be held within six months from the approval date, and the company is required to meet all regulatory requirements and applicable laws.
Saudi Arabia Capital Markets Authority 2025-11-04
Saudi Arabia Capital Markets Authority approves Marble Design Company capital increase to SAR 75 million via 1-for-4 bonus shares
The Saudi Arabia Capital Markets Authority has approved Marble Design Company's capital increase from SAR 60 million to SAR 75 million through the issuance of bonus shares. This will involve issuing one bonus share for every four existing shares, funded by transferring SAR 15 million from retained earnings. An extraordinary general assembly must be held within six months, and the company must comply with all regulatory requirements.